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A negative correlation would show as a downward slope on a graph. Can the Correlation Coefficient Be Greater Than 1? No, the correlation coefficient must be between -1 and 1.
An example of a strong negative correlation would be -0.97. The variables would move in opposite directions in a nearly identical move. The values demonstrate the strength of a relationship as the ...
In statistics, a perfect positive correlation is represented by the correlation coefficient value +1.0, while 0 indicates no correlation, and -1.0 indicates a perfect inverse (negative) correlation.
For example, the 1 year Libor rate had a negative correlation to the Anworth Financial stock price 6 months later and an adj R-sq value of 64%. The regression equation was: ...